Avana Electrosystems Ltd
Incorporated in 2010, Avana Electrosystems Limited is engaged in manufacturing of customised Control and Relay Panels.[1]
- Market Cap ₹ 320 Cr.
- Current Price ₹ 141
- High / Low ₹ 168 / 60.1
- Stock P/E 27.3
- Book Value ₹ 26.1
- Dividend Yield 0.00 %
- ROCE 38.1 %
- ROE 28.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 112% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 34.8%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Electrical Equipment Heavy Electrical Equipment
Part of Nifty SME Emerge
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 23 | 15 | 20 | 28 | 53 | 61 | 84 | |
| 21 | 14 | 20 | 26 | 46 | 50 | 68 | |
| Operating Profit | 1 | 1 | 1 | 2 | 7 | 12 | 16 |
| OPM % | 6% | 4.3% | 3.8% | 7% | 13% | 19% | 19% |
| 1 | 0 | 0 | 0 | 0 | 1 | 1 | |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 2 | 0 | 1 | 1 | 6 | 12 | 16 |
| Tax % | 22% | 26% | 27% | 21% | 31% | 28% | 26% |
| 1 | 0 | 0 | 1 | 4 | 8 | 12 | |
| EPS in Rs | 13.86 | 3.40 | 5.04 | 11.59 | 50.62 | 106.66 | 5.18 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 41% |
| 3 Years: | 43% |
| TTM: | 36% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 113% |
| 3 Years: | 133% |
| TTM: | 38% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 35% |
| Last Year: | 29% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.88 | 0.79 | 0.79 | 0.79 | 0.79 | 0.79 | 23 |
| Reserves | 8 | 8 | 8 | 9 | 13 | 21 | 36 |
| 2 | 4 | 5 | 7 | 9 | 6 | 1 | |
| 6 | 5 | 7 | 12 | 15 | 21 | 25 | |
| Total Liabilities | 17 | 17 | 20 | 29 | 38 | 48 | 85 |
| 2 | 2 | 2 | 2 | 4 | 3 | 5 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 5 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 15 | 15 | 18 | 27 | 34 | 45 | 75 | |
| Total Assets | 17 | 17 | 20 | 29 | 38 | 48 | 85 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -0 | 1 | 0 | -0 | 1 | 6 | 8 | |
| -0 | -0 | -0 | -1 | -1 | -1 | -9 | |
| 1 | -2 | -1 | 2 | 1 | -4 | 20 | |
| Net Cash Flow | 1 | -0 | -1 | 1 | 1 | 0 | 18 |
| Free Cash Flow | -0 | 1 | 0 | -0 | -1 | 6 | 1 |
| CFO/OP | 29% | 214% | 30% | -1% | 37% | 67% | 72% |
Ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 74 | 111 | 124 | 143 | 102 | 126 | 97 |
| Inventory Days | 113 | 169 | 166 | 173 | 134 | 167 | 164 |
| Days Payable | 85 | 121 | 91 | 129 | 76 | 105 | 97 |
| Cash Conversion Cycle | 103 | 160 | 199 | 187 | 160 | 188 | 164 |
| Working Capital Days | 69 | 83 | 68 | 79 | 56 | 108 | 105 |
| ROCE % | 7% | 8% | 13% | 35% | 50% | 38% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Capacity Utilization - Control & Relay Panels (Unit II) % |
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| Capacity Utilization - Relays (Unit 1) % |
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| Production Volume - Control & Relay Panels (Unit II) Number of Units |
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| Production Volume - Relays (Unit 1) Number of Units |
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| Sales Channel Mix - Private Players / OEMs (% of Revenue) % |
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| Number of Customers Number of Customers |
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| Revenue Concentration - Top 10 Customers % |
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| Order Book (Pending) INR Lakhs |
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Extracted by Screener AI
Documents
Announcements
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
- Company confirms corporate governance compliance is not applicable under SME exchange exemption.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Submitted Regulation 74(5) certificate for quarter ended September 30, 2026; no demat or remat requests received.
-
Shareholders meeting
- All 7 AGM resolutions passed on 28 September 2026; 1.71 crore votes, no invalid votes.
-
Shareholders meeting
- Avana Electrosystems held its 16th AGM, adopted FY26 accounts, reappointed director, and approved managerial remuneration revisions.
-
Trading Window
- Trading window closed from 30 Sept 2026 until 48 hours after half-year results.
Business Profile[1]
Avana Electrosystems Limited manufactures Control & Relay Panels and Relays used in power system protection, monitoring, and automation. The company supplies customized solutions for transmission and distribution substations, power generation plants, solar and wind projects, and utility substations.